As an independent artist and the CEO of a music publication for independent artist and Music Business professionals, I found this article to be very inspiring. Even though this company (Only Much Louder) and industry is in a different country, the growth and downfall in the Music Industry may be compared to the industry in the Unite States. The company is setup as a one-stop shop. Only Much Louder provides services for concerts and festivals; it is a booking agency for independent artist and record label. When one analyzes the company Only Much Louder, we look at what the company has done for the country of India and how it differentiates its brand from others.
For example: Only Much Louder hosted the first music festival in India. The company has established itself as being the only music organization to focus on independent artist and the non-Bollywood sector in India.
“What differentiates us is that we’ve always focused on the non-Bollywood sector in India and that’s a pretty hard thing to do. Plus we’ve never really been limited to any genre; it’s just been about anything that’s independent, good, live, very flexible.” (Vijay Nair, 2010)
The company focused its aim entirely on empowering independent artists, musicians, and agents from being trapped by major record labels. One of the most innovative tactics used by Only Much Louder was the ability to increase CD sales. During the year 1999-2000, the company had burned 200 CD’s for sale and had started to encourage consumers to burn the CD’s themselves. Subsequently, this being a new idea to consumers of India had actually enforced consumers in buying the album.
“We took a lot of pride in that. And the more we asked people to do that, the more people ended up buying the album, which was really strange. We did the first two hundred albums like that, but we were actually mass-printing albums after that. We did about eight to ten thousand copies by the end of the year.” (Vijay Nair, 2010)
Another factor is that India being a larger market, allowed for greater potential. When compared to other markets in foreign countries, we see that India uses music mainly for the Film Industry. Ninety percent of all music made was put into film. This very same idea is what Only Much Louder focused on. The company used the fact that the film industry was dominant, and decided to capitalize on two or three percent of which was the independent music industry.
As we analyze the company Only Much Louder we can see it used the Law of Contraction (focusing entirely on a particular market) and the Law of Singularity (staying geared towards the independent music industry).
I hope to see my company You in Music begin to grow in the very sme business structure here in the Bahamas and United States as Only Much Louder was able to capitalize on the market in India.
Reference: Nair, Vijay. India’s Independent Music Industry, (2010). Retrieved from: http://blog.ted.com/2010/10/29/fellows-friday-with-vijay-nair/










